September 28, 2016 10:22 AM ET

Banks

Company Overview of Kuwait Finance House (Malaysia) Berhad

Company Overview

Kuwait Finance House (Malaysia) Berhad provides Islamic banking products and services for consumer, commercial, and corporate customers in Malaysia. It operates in a Shariah-compliant manner. It offers corporate and investment, commercial, and retail and consumer banking services, as well as treasury and international business services. The company accepts savings, current, foreign currency current, general investment, and foreign currency general investment accounts. It also offers home and personal financing services; wealth management services; remittance, priority banking, safe deposit box, and standing instruction services; and project, contract, working capital, asset, asset acquisitio...

Ground Floor

Menara Prestige, 1

Jalan Pinang

Kuala Lumpur,  50704

Malaysia

Founded in 2005

Phone:

60 3 2166 0646

Fax:

60 3 2168 0573

Key Executives for Kuwait Finance House (Malaysia) Berhad

Chief Executive Officer
Age: 56
Chief Recovery Officer
Chief Financial Officer
Chief Operating Officer
Chief Executive Officer of KFH
Age: 57
Compensation as of Fiscal Year 2016.

Kuwait Finance House (Malaysia) Berhad Key Developments

Kuwait Finance House (Malaysia) Bhd Announces Management Changes

Kuwait Finance House (Malaysia) Bhd has appointed David Power as its new Chief Executive Officer effective August 29, 2016. He was replacing Ahmed S. Al Kharji. The company appointed Nor Azzam Abdul Jalil as its Deputy CEO and Chief Consumer Banking, effective June 1, 2016, and David Wee Kim Peng as the Chief Operating Officer, effective April 1, 2016.

Employees Provident Fund Not Interested In Kuwait Finance's Malaysian Operations

Datuk Shahril Ridza Ridzuan, Chief Executive Officer of Employees Provident Fund of Malaysia, the major shareholder of Malaysia Building Society Bhd (KLSE:MBSB) confirmed that there were no talks between the pension fund and Kuwait Finance House (K.S.C.P.) (KWSE:KFIN) to acquire the KFIN's Malaysian operations Kuwait Finance House (Malaysia) Berhad. "We are not interested in KFH Malaysia. I don't think MBSB would either, but it will have to make the decision," told Datuk Shahril Ridza Ridzuan to Business Times, New Straits Times reported on September 28, 2015. In May 2015, there were rumors surrounding sale of Kuwait Finance House's Malaysian operations to MBSB.

KFIN Does Not Plans To Sell Or Merge Its Islamic Banking Subsidiary In Malaysia

Kuwait Finance House (K.S.C.P.) (KWSE:KFIN) said that it does not have any plan to sell or merge its Islamic banking subsidiary in Malaysia, quashing any talk that Kuwait Finance House (Malaysia) Berhad is on the brink of a takeover. Mazin Al-Nahedh, Chief Executive Officer of KFIN said the bank is not selling or merging its Malaysian business, instead it will embark on the restructuring of KFH Malaysia with "immediate effect". Meanwhile, Qatar National Bank S.A.Q. (DSM:QNBK) which was rumoured to be interested in buying KFH's business in Malaysia, said "preliminary talks had ended" in a filing to the Qatar Stock Exchange.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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